UOB CashPlus Funds Transfer Promotion Terms & Conditions
Please read these Terms and
Conditions carefully. A UOB CashPlus account holder (“Applicant”)
may, subject to the Terms and Conditions herein, apply to transfer the
outstanding balance (“Funds Transfer”) on his/her bank/credit card/credit line
account(s) held with any bank in Singapore, other than United Overseas Bank
Limited (the “Bank”) to the Applicant’s UOB CashPlus
account (the “Account”) under the UOB CashPlus Funds
Transfer promotion (the “Promotion”).
1. The Promotion is open to any
Applicant whose Account is in good standing as determined by the Bank at its
sole discretion.
2. UOB CashPlus
Funds Transfer is available to UOB CashPlus account
holders with an annual income of at least S$30,000 per annum at the point of
UOB CashPlus application.
3. An Applicant with an existing UOB
CashPlus Instalment Loan
will not be eligible to apply for UOB CashPlus Funds
Transfer.
4. The Funds Transfer amount shall
not be less than S$500 for each Funds Transfer and shall not exceed the
Applicant’s available credit limit at the time of the application (“Approved Amount”).
5. Funds Transfer from your Account
to any UOB account with an overdraft facility is not permitted.
6. The Approved Amount to be
transferred shall be determined by the Bank at its sole discretion without
giving any reasons whatsoever.
7. The Bank reserves the right to
decline any Funds Transfer request (including and not limited to crediting to
any bank/credit card/credit line account(s) denominated in foreign currencies) at
its sole discretion without giving any reasons whatsoever.
8. The promotional interest rate (“Promotional
Interest Rate”) is not applicable to existing outstanding balances incurred on
your Account.
9. Any approved Funds Transfer
amount shall first be drawn from any credit balances available in your UOB CashPlus account at the point of debit.
10. The Promotional Interest Rate is
applicable only to the Approved Amount, and is valid from the date the Bank
approves the Funds Transfer request (“Promotion Period”) ends when the Approved Amount is
fully paid or on the last day of the promotional tenor, whichever is earlier.
Thereafter, the prevailing interest rate shall to all Approved Amount still
outstanding.
11. The Bank shall ordinarily
require a minimum of five banking days (excluding Saturdays) to process the
Funds Transfer request or such other period as the Bank may determine from time
to time at its sole discretion.
12. Once the Bank has approved the
Funds Transfer request, no cancellation by the Applicant shall be allowed.
13. The Bank’s decision on all
matters relating to the Promotion shall be at its absolute and shall be final and binding on
the Applicant.
14. Please continue to make the
minimum monthly payments on the outstanding balance in the Account, even during
the Promotion. Please also continue to make the minimum monthly payments on
your other bank/credit card/credit line account(s) to which the Funds Transfer relates
until you receive a letter of confirmation from the Bank approving the Funds
Transfer request.
15. All payments received by the
Bank shall be applied in any manner or order of priority at the Bank’s sole
discretion notwithstanding any requests of appropriation by the Applicant or
any other person making such payment on behalf of the Applicant. The Bank has
the absolute right to apply payments received by it in the following manner:
a) All outstanding interest in
respect of the Account;
b) All outstanding fees (including
annual fee, late charges and any other fee (except the fees stated in Clause
15(c) herein) in relation to your Account);
c) All outstanding Funds Transfer
balances and corresponding fees payable from the lowest to the highest
promotional interest rate; and
d) All other outstanding balances
(including excess and within limit utilisation).
Payment application made by the Bank
as stipulated above shall reduce the amount of this Funds Transfer request.
16. The Bank reserves the right to
amend, add or vary any of these Terms and Conditions of the Promotion from time
to time either by giving the Applicant written notice or in such other manner
as the Bank may select at its absolute discretion.
17. The Applicant shall be fully
liable (in accordance with the Terms and Conditions Governing UOB CashPlus) for any and all amounts debited from the UOB CashPlus account to settle Funds Transfer to credit to the
Applicant’s other bank/credit card/credit line account(s), as the case may be.
Note: UOB
CPFT-V1.4-200907